Gulf Cement Company P.S.C. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was AED 105.99 million compared to AED 105.25 million a year ago. Net loss was AED 11.94 million compared to AED 22.16 million a year ago. Basic loss per share from continuing operations was AED 0.029 compared to AED 0.054 a year ago.
For the nine months, sales was AED 332.1 million compared to AED 281.81 million a year ago. Net loss was AED 35.63 million compared to AED 51.41 million a year ago. Basic loss per share from continuing operations was AED 0.087 compared to AED 0.125 a year ago.